American Eagle Outfitters, Inc. (NYSE:AEO) Receives Consensus Rating of “Hold” from Brokerages

Shares of American Eagle Outfitters, Inc. (NYSE:AEO) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $25.75.

AEO has been the subject of several recent analyst reports. UBS Group decreased their price objective on shares of American Eagle Outfitters from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, August 30th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of American Eagle Outfitters in a research note on Wednesday, October 2nd. StockNews.com cut American Eagle Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, September 2nd. Barclays decreased their target price on American Eagle Outfitters from $32.00 to $26.00 and set an “overweight” rating for the company in a research note on Friday, August 30th. Finally, TD Cowen dropped their price target on shares of American Eagle Outfitters from $25.00 to $23.00 and set a “hold” rating on the stock in a research report on Friday, August 30th.

American Eagle Outfitters Price Performance

Shares of American Eagle Outfitters stock opened at $20.04 on Wednesday. American Eagle Outfitters has a 1-year low of $15.92 and a 1-year high of $26.44. The business’s fifty day moving average price is $20.62 and its two-hundred day moving average price is $21.38. The company has a market capitalization of $3.85 billion, a P/E ratio of 16.03, a PEG ratio of 1.02 and a beta of 1.51.

American Eagle Outfitters (NYSE:AEO) last issued its quarterly earnings data on Thursday, August 29th. The apparel retailer reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.31 billion. American Eagle Outfitters had a net margin of 4.58% and a return on equity of 20.98%. The company’s revenue was up 7.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.25 earnings per share. On average, research analysts expect that American Eagle Outfitters will post 1.78 earnings per share for the current fiscal year.

American Eagle Outfitters Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 30th. Investors of record on Friday, October 11th will be paid a $0.125 dividend. The ex-dividend date is Friday, October 11th. This represents a $0.50 dividend on an annualized basis and a yield of 2.50%. American Eagle Outfitters’s dividend payout ratio is currently 40.00%.

Insider Activity at American Eagle Outfitters

In other news, Director Cary D. Mcmillan sold 2,283 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total value of $49,061.67. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other American Eagle Outfitters news, Director Cary D. Mcmillan sold 2,283 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $21.49, for a total transaction of $49,061.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jay L. Schottenstein sold 999,999 shares of American Eagle Outfitters stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $20.04, for a total value of $20,039,979.96. Following the transaction, the chief executive officer now directly owns 1,771,851 shares in the company, valued at approximately $35,507,894.04. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,050,702 shares of company stock worth $21,148,718. 7.30% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Seven Eight Capital LP purchased a new position in shares of American Eagle Outfitters during the 1st quarter valued at $1,445,000. Bayesian Capital Management LP purchased a new position in American Eagle Outfitters in the first quarter valued at about $598,000. UniSuper Management Pty Ltd acquired a new position in American Eagle Outfitters in the 1st quarter worth about $941,000. SG Americas Securities LLC increased its position in American Eagle Outfitters by 417.2% in the 2nd quarter. SG Americas Securities LLC now owns 175,576 shares of the apparel retailer’s stock worth $3,504,000 after purchasing an additional 141,628 shares during the last quarter. Finally, Capstone Investment Advisors LLC raised its stake in shares of American Eagle Outfitters by 172.5% during the 1st quarter. Capstone Investment Advisors LLC now owns 106,906 shares of the apparel retailer’s stock worth $2,757,000 after purchasing an additional 67,680 shares in the last quarter. Institutional investors and hedge funds own 97.33% of the company’s stock.

American Eagle Outfitters Company Profile

American Eagle Outfitters, Inc operates as a multi-brand specialty retailer in the United States and internationally. The company provides jeans, apparel and accessories, and personal care products for women and men under the American Eagle brand; and intimates, apparel, activewear, and swim collections under the Aerie and OFFLINE by Aerie brands.